we begin today with samsung electronics. it s forecasting a likely 96% plunge in first quarter operating profits. in a preliminary earnings report, the world s largest memory chip and tv manufacturer estimated its operating profit fell to $455 million for the first three months of the year. samsung electronics is going to release its full earnings later this month. katie silver sent this report from the bbc s asia business hub in singapore. in its preliminary estimates, samsung says its operating profits fell by about $450 million in the january march period this year, when compared to the same time the previous year. now demand for memory chips ramped up during covid lockdowns as consumers bought new electronics to use at home think new phones, computers, those expensive smart washing machines all of those use a lot of chips. but with fears of an economic recession looming, consumers are buying fewer tech devices, reducing demand for chips and, as a result, the companies
department shows that 236,000 fi refox newjobs were created in the us in march a very healthy figure, but showing a continued decline in the pace of newjob creation. it suggests that the economy is slowing down and the question on everyone s minds is what this data will mean to the us federal reserve when it makes its next decision about the interest rate in the us. here s our north america business correspondent, samira hussain. this reflects other data from the us, which suggests that perhaps the post pandemic crunch is coming to an end. we kind of knew that this was going to be reflected in the march jobs report. a, to be reflected in the march “obs reort, , ., ., to be reflected in the march “obs reort. , ., ., , ., report. a slowdown in terms of hirin: report. a slowdown in terms of hiring based report. a slowdown in terms of hiring based on report. a slowdown in terms of hiring based on the report. a slowdown in terms of hiring based on the data - report
antonio, prices higher or lower than today? i still think that we didn t see yet a smaller piece of inflation that we will see on prices, let s say before the summer. because all companies will rise the prices in october, november. they have to argue with trade, to discuss. normally this is six months time. so i m not going to say to the cost before covid but a more reasonable cost, so. we are going in a better direction but i think that there will still be six months where we could have some small surprise yet on inflation. and you can see the full interview with antonio baravelle on this week s talking business with aaron heslehurst on bbc news at from 11.30 this evening in the uk and at other times around the world in the days ahead.
we will see it on prices let s say before the summer, because all companies will rise the price in october, november, to argue with trade to discuss, normally this is six months time. so i am not going to say to the cost before covid, but the more reasonable cost so we are going in that direction. but i think they will still be six months where we could have some smaller surprise it on inflation. so there you have it. that is a sneak preview. and you can see the full interview with antonio baravelle on this week s talking business with aaron heslehurst and learn all about how prices are set on bbc news at the times on your screen. around the world and across the uk, this is bbc news.